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BUSINESS

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Spain loses $15 million from world cup while the US gives it to anti-Iran efforts
July 24th, 2026 - 08:28 GMT
Osama Ali

Osama Ali

Spain loses $15 million from world cup while the US gives it to anti-Iran efforts

ALBAWABA — This week, the $15 million figure surfaced in two very different international stories, demonstrating how the same sum of money can be both a significant incentive and a financial setback. On the one hand, it has been reported that Spain, the recently crowned FIFA World Cup champions, may lose almost $15 million of their championship prize due to U.S. taxes. Conversely, the U.S. government has declared a $15 ...
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Bahrain has lower costs than any other Gulf Cooperation Council (GCC) country for cross-border internet connectivity, a critical metric for an ICT hub. (Shutterstock)
November 6th, 2018 - 07:44 GMT

Bahrain Leads the GCC's $1.5 Trillion Market in Terms of Doing Business

The impact of the sanctions was felt early on, with their announcement in May driving many companies to abandon Iran, causing the value of its currency to plummet. (Shutterstock)
November 6th, 2018 - 07:27 GMT

US Sanctions on Iran Go Beyond Oil

US top market for Turkish carpet exports, says head of carpet exporters association.
November 6th, 2018 - 07:17 GMT

Turkey Escorts the US on a $500 Million Carpet Ride, as Iran Sanctions Go Live

Iran Positive No One Can Replace Its Oil Output, Despite Saudi and US Claims. (Shutterstock)
November 6th, 2018 - 07:05 GMT

Iran Positive No One Can Replace Its Oil Output, Despite Saudi and US Claims

Transguard Group has announced the construction of new accommodation for 2,708 employees in Dubai South close to Jebel Ali port.
November 6th, 2018 - 06:54 GMT

Transguard Announces New Dh114 Million Staff Accommodation Complex

The Journey
November 6th, 2018 - 06:41 GMT

Three Films Distributed by MAD Solutions Screen at the Ishbilia Theatre and Art-Hub in November

Fawad Tariq-Khan, CEO of SHUAA Capital
November 6th, 2018 - 06:33 GMT

SHUAA Capital Registers Dh30.1 Million Q3 2018 Net Profit, the Group’s Highest Quarterly Profit Since 2008

Toyota supports the growth of cutting-edge startups across the world in both developed and emerging markets.
November 6th, 2018 - 06:22 GMT

Toyota and TechCrunch Host First ‘Startup Battlefield’ in MENA Region

The films will be shown over three days, starting on November 6, at various locations across Qatar.
November 6th, 2018 - 06:12 GMT

Wish Holds Film Screening Series During Doha Healthcare Week

Samsung uses groundbreaking Quantum dot technology to achieve image clarity not found in any other TV on the market.
November 6th, 2018 - 05:56 GMT

Front-Row Seats From the Comfort of Your Living Room With Samsung’s QLED TV

Mr. Hassan Jarrar, Chief Executive Officer of Bahrain Islamic Bank
November 6th, 2018 - 05:42 GMT

Bahrain Islamic Bank (BisB) Achieves 6.9 Million Dinars in 9 Months

Montblanc Great Characters Limited Edition.
November 5th, 2018 - 01:15 GMT

Montblanc Great Characters James Dean Edition: A Tribute to the Rebellious Spirit and Talent of an Immortal Movie Legend

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